Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$17.32 and traded as high as C$19.99. Peyto Exploration & Development shares last traded at C$19.68, with a volume of 663,498 shares trading hands.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. CIBC lifted their price objective on shares of Peyto Exploration & Development from C$17.50 to C$19.25 and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Desjardins lifted their price objective on shares of Peyto Exploration & Development from C$18.00 to C$18.50 and gave the company a "hold" rating in a research note on Thursday, May 22nd. ATB Capital lifted their price objective on shares of Peyto Exploration & Development from C$19.00 to C$21.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. National Bankshares lifted their price objective on shares of Peyto Exploration & Development from C$18.00 to C$24.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Finally, Canaccord Genuity Group cut shares of Peyto Exploration & Development from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$20.92.
Read Our Latest Stock Analysis on Peyto Exploration & Development
Peyto Exploration & Development Price Performance
The company has a debt-to-equity ratio of 49.96, a current ratio of 1.28 and a quick ratio of 0.32. The stock has a market cap of C$3.87 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. The business's 50-day simple moving average is C$18.98 and its two-hundred day simple moving average is C$17.38.
About Peyto Exploration & Development
(
Get Free Report)
Peyto Exploration & Development Corp (Peyto Exploration & Development) is an oil and gas company that involves in the exploration and development of natural gas. The company acquires, explores, develops and produces crude oil and unconventional natural gas reserves.
See Also
Before you consider Peyto Exploration & Development, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Peyto Exploration & Development wasn't on the list.
While Peyto Exploration & Development currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
